Market Overview:
The global eroding antifouling paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for antifouling paints from various end-use industries, such as yachts, cargo ships, fishing boats, drilling rigs & production platforms, and others. In addition, the growing awareness about environmental protection is also propelling the demand for eroding antifouling paints across the globe. Based on type, copper based biocide segment is projected to lead the global eroding antifouling paint market during 2018-2030. This growth can be attributed to its properties such as high efficacy against fouling organisms and low toxicity towards marine lifeforms.
Product Definition:
A paint that slowly dissolves the surface of an underwater organism, such as a barnacle, to prevent it from attaching and growing.
Copper Based Biocide:
Copper-based biocides are used to prevent the growth of microorganisms such as algae, bacteria and fungi on various substrates. Copper is added in the form of an ionic solution or a powder. The type of biocide used depends upon factors such as substrate type, water hardness, temperature range and microbial makeup (types). Biocides are not effective against viruses or molds.
Zinc Based Biocide:
Zinc-based biocides are used in the formulation of effervescent antifouling paints. These paints are applied to hulls and underwater surfaces of ships, boats, and other watercraft for protection against fouling by algae, bacteria, and other microorganisms. Zinc based biocides act as a surface disinfectant which prevents the growth of pathogenic organisms on its application area.
Application Insights:
The global market is segmented by application into yachts, cargo ships, fishing boats, drilling rigs and production platforms, other vessels including tugs and barges as well as aircraft carriers. The yachting segment held the largest share in 2017 owing to increasing demand for recreational boating activities across the globe. Rising disposable income of consumers has led to an increase in demand for luxury yacht which requires regular maintenance and cleaning procedures. This is expected to fuel product demand over the forecast period.
The cargo ship application was estimated at USD 536 million in 2017 owing to rising use of these paints on large commercial ships that are used for international transportations between countries.
Regional Analysis:
Asia Pacific was the largest market for eroding antifouling paint and accounted for a revenue share of over 45% in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing marine traffic, especially in China and Southeast Asian countries. Moreover, rising penetration of aquaculture production is anticipated to drive demand further.
Europe emerged as the second-largest consumer due to stringent regulations by European Union (EU) regarding use of these paints on account of their harmful effects on environment and human health. In addition, growing awareness among end-users about advantages offered by eco-friendly products will augment growth during the forecast period.
North America held a significant share in terms of consumption owing to high application rate coupled with extensive usage scope offered by these paints across drilling rigs & production platforms, yachts & cargo ships applications sectors within U.S.
Growth Factors:
- Increasing demand for Eroding Antifouling Paint from the shipping and marine industry as a result of the growth in global trade.
- The increasing popularity of eco-friendly and low-maintenance paints, which is driving the demand for Eroding Antifouling Paint.
- The growing number of yachts and boats being used for recreational purposes, which is leading to an increase in the demand for Eroding Antifouling Paint products.
- Technological advancements that have led to the development of more effective and durable paints, boosting the market growth for Eroding Antifouling Paints
Scope Of The Report
Report Attributes
Report Details
Report Title
Eroding Antifouling Paint Market Research Report
By Type
Copper Based Biocide, Zinc Based Biocide, Others
By Application
Yachts, Cargo Ships, Fishing Boats, Drilling Rigs & Production Platforms, Others
By Companies
Nautical, Hempel, CMP Coatings, Akzo Nobel, Sherwin-Williams, Jotun Marine Coatings, New Nautical Coatings, Pettit Marine Paint, Kansai Paint, Oceanmax, Boero Yacht Coatings, PPG Industries, Nautix, Premier Marine Antifoul, FLAG Paints, Precision Yacht Paint, Teamac, Coppercoat
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Eroding Antifouling Paint Market Report Segments:
The global Eroding Antifouling Paint market is segmented on the basis of:
Types
Copper Based Biocide, Zinc Based Biocide, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Yachts, Cargo Ships, Fishing Boats, Drilling Rigs & Production Platforms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nautical
- Hempel
- CMP Coatings
- Akzo Nobel
- Sherwin-Williams
- Jotun Marine Coatings
- New Nautical Coatings
- Pettit Marine Paint
- Kansai Paint
- Oceanmax
- Boero Yacht Coatings
- PPG Industries
- Nautix
- Premier Marine Antifoul
- FLAG Paints
- Precision Yacht Paint
- Teamac
- Coppercoat
Highlights of The Eroding Antifouling Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copper Based Biocide
- Zinc Based Biocide
- Others
- By Application:
- Yachts
- Cargo Ships
- Fishing Boats
- Drilling Rigs & Production Platforms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eroding Antifouling Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eroding antifouling paint is a type of paint that wears away over time. This type of paint is used on boats and other watercraft to prevent fouling by marine organisms.
Some of the key players operating in the eroding antifouling paint market are Nautical, Hempel, CMP Coatings, Akzo Nobel, Sherwin-Williams, Jotun Marine Coatings, New Nautical Coatings, Pettit Marine Paint, Kansai Paint, Oceanmax, Boero Yacht Coatings, PPG Industries, Nautix, Premier Marine Antifoul, FLAG Paints, Precision Yacht Paint, Teamac, Coppercoat.
The eroding antifouling paint market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eroding Antifouling Paint Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Eroding Antifouling Paint Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Eroding Antifouling Paint Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Eroding Antifouling Paint Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Eroding Antifouling Paint Market Size & Forecast, 2018-2028 4.5.1 Eroding Antifouling Paint Market Size and Y-o-Y Growth 4.5.2 Eroding Antifouling Paint Market Absolute $ Opportunity
Chapter 5 Global Eroding Antifouling Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Eroding Antifouling Paint Market Size Forecast by Type
5.2.1 Copper Based Biocide
5.2.2 Zinc Based Biocide
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Eroding Antifouling Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Eroding Antifouling Paint Market Size Forecast by Applications
6.2.1 Yachts
6.2.2 Cargo Ships
6.2.3 Fishing Boats
6.2.4 Drilling Rigs & Production Platforms
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eroding Antifouling Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Eroding Antifouling Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Eroding Antifouling Paint Analysis and Forecast
9.1 Introduction
9.2 North America Eroding Antifouling Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Eroding Antifouling Paint Market Size Forecast by Type
9.6.1 Copper Based Biocide
9.6.2 Zinc Based Biocide
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Eroding Antifouling Paint Market Size Forecast by Applications
9.10.1 Yachts
9.10.2 Cargo Ships
9.10.3 Fishing Boats
9.10.4 Drilling Rigs & Production Platforms
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Eroding Antifouling Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Eroding Antifouling Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Eroding Antifouling Paint Market Size Forecast by Type
10.6.1 Copper Based Biocide
10.6.2 Zinc Based Biocide
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Eroding Antifouling Paint Market Size Forecast by Applications
10.10.1 Yachts
10.10.2 Cargo Ships
10.10.3 Fishing Boats
10.10.4 Drilling Rigs & Production Platforms
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Eroding Antifouling Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Eroding Antifouling Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Eroding Antifouling Paint Market Size Forecast by Type
11.6.1 Copper Based Biocide
11.6.2 Zinc Based Biocide
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Eroding Antifouling Paint Market Size Forecast by Applications
11.10.1 Yachts
11.10.2 Cargo Ships
11.10.3 Fishing Boats
11.10.4 Drilling Rigs & Production Platforms
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Eroding Antifouling Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Eroding Antifouling Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Eroding Antifouling Paint Market Size Forecast by Type
12.6.1 Copper Based Biocide
12.6.2 Zinc Based Biocide
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Eroding Antifouling Paint Market Size Forecast by Applications
12.10.1 Yachts
12.10.2 Cargo Ships
12.10.3 Fishing Boats
12.10.4 Drilling Rigs & Production Platforms
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Eroding Antifouling Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Eroding Antifouling Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Eroding Antifouling Paint Market Size Forecast by Type
13.6.1 Copper Based Biocide
13.6.2 Zinc Based Biocide
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Eroding Antifouling Paint Market Size Forecast by Applications
13.10.1 Yachts
13.10.2 Cargo Ships
13.10.3 Fishing Boats
13.10.4 Drilling Rigs & Production Platforms
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Eroding Antifouling Paint Market: Competitive Dashboard
14.2 Global Eroding Antifouling Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nautical
14.3.2 Hempel
14.3.3 CMP Coatings
14.3.4 Akzo Nobel
14.3.5 Sherwin-Williams
14.3.6 Jotun Marine Coatings
14.3.7 New Nautical Coatings
14.3.8 Pettit Marine Paint
14.3.9 Kansai Paint
14.3.10 Oceanmax
14.3.11 Boero Yacht Coatings
14.3.12 PPG Industries
14.3.13 Nautix
14.3.14 Premier Marine Antifoul
14.3.15 FLAG Paints
14.3.16 Precision Yacht Paint
14.3.17 Teamac
14.3.18 Coppercoat